quot just in time jit quot toyota car company

For this report I just need the following to be answered for Toyota Car Company:

1. What is the scope of the problem or issue? Who does it affect and can you quantify it?

2. Is there a history to this issue or problem?

Below is a summary of the topic:

JUST-IN-TIME (JIT)

In today’s economy, warehousing excess can be very expensive. Therefore, reducing the amount of inventory can reduce carrying cost. This is why companies employ the Just-in-Time inventory model to reduce overhead expenses and the number of warehouses they own thereby allowing customers to be better served while at the same time lowering cost of doing business.

In the early 1970s, Just-in-Time manufacturing was first developed by Taiichi Ohno, former vice president of Toyota Car Company. JIT is a Japanese management philosophy which was applied in many Japanese manufacturing organizations including Toyota manufacturing as a means of meeting consumers’ demands with minimum delays. Taiichi created this manufacturing process after American process of manufacturing so as to reduce waste in response to Japan limited natural resources.

***Just-in-Time inventory system is a lean methodology used by companies to increase efficiency and decrease waste by receiving goods only as needed for production, thereby reducing inventory cost. It is also known as Toyota production system (TPS).***

Today, Just in time system is being used by many companies such as Toyota, Dell, Mcdonalds, Zara, Harley Davidson, IBM, General Motors, General Electric etc.

This paper shall focus on Just in time inventory manufacturing process, its pros and cons, its history, scope, philosophy as well as any emerging problems and solutions using Toyota as a case study.

Where should you look for information?

– Google Scholar (search for the words in your topic).You should get lots of journal hits.Many of these journals are available in the Sprague Library and you should be able to access the article online.But don’t waste time on scholarly articles that you don’t understand.

– Many of the big-name consulting firms like Deloitte, McKinsey, Accenture, etc., publish white papers on these kinds of topics.These are written for general business audiences and should be useful.

– Online newspapers or other reputable news sites may have useful information about current/recent events related to your topic.

*Paper should be no more than 2 – 2 & ½ pages with references with PowerPoint slides*

 

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